Key Insurance Company Limited (KEY) for the six months ended June 30, 2017 reported a 46% growth in net premiums written from $285.15 million to $415.45 million as a result of a 36% increase in gross premium written which closed the period at $660.71 million (2016: $486.74 million). Reinsurance ceded for the period also increased
Lasco Manufacturing Limited (LASM) for the three month ended June 30, 2017 recorded a decrease of $379.89 million or 13% in total revenue to total $1.51billion, relative to the $1.73 billion recorded for the comparable period in 2016.according to LASM, “revenue was impacted by the phasing down of production during periods of the first two
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The Palace Amusement Company (1921) Limited (PAL) for the year ended June 30, 2017 booked a 9% increase in revenues to $990.14 million (2016: $909.24 million), while for the fourth quarter, an increase of 20% was observed. For the quarter, revenue rose to $299.06 million relative to $249.33 million in 2016. Direct expenses for the
Access Financial Services Limited (AFS) for the three months ended June 30, 2017 reported $343.04 million in total interest income for the first quarter relative to last year’s $302.50 million. Of this Interest Income from Loans amounted to $339.32 million while Interest Income from Securities totaled $3.72 million (2016: $1.88 million). Interest Expense charged for
The Jamaican Government on Tuesday made public its intention to purchase for cash, notes due 2019, 2021, 2022 and 2025. This paves the way for note holders validly tender their notes in the invitation which commenced on Tuesday, August 8, 2017 and will expire at 5:00 pm, New York time on Monday August 14, 2017.
tTech Limited (tTech) for the six months ended June 30, 2017: booked a 2% increase in operating revenues for the period to $107.83 million compared to $105.57 million for the corresponding period last year. Revenue for the quarter contracted 12% from $58.43 million in June 2016 to $51.25 million. According to tTech, “revenues in 2016
Lasco Distributors Limited (LASD) For the quarter ended June 30, 2017: Revenues grew by 6% or $235.53 million to end the period at $4.13 billion, up from $3.90 billion for the first quarter of 2016. Cost of sales rose by $179.23 million or 5.6% amounting to $3.38 billion resulting in gross profits of $754.42 million,
Today marks the third competitive price auction of the 30-day certificate of deposits (CD’s) to primary dealers and deposit taking institutions (DTIs). This as on June 27, 2017, the Bank of Jamaica (BOJ) announced that 30-day CD’s will be issued in fixed volumes by competitive multiple-price auctions. This announcement came on the heels on the
For the period of April 2017 to June 2017, the GOJ reported Total Revenues & Grants of $125.84 billion, $7.76 billion more than the government’s projection. Furthermore, year over year, this represents an increase of approximately 9.3% relative to the $115.13 billion recorded for the corresponding period in 2016. ‘Tax Revenue,’ ‘Non-Tax Revenue’ and ‘Grants’
